Enough teory for now. What at the end counts is that we look here at probably most powerful and profitable price pattern forming on the charts (of course together with the Gartley, 121 and Bat patterns).

When you see its first 3 legs of the butterfly pattern completed and forming swing CD crossing the point B price level - GET READY. Now your work starts.

See the following diagram presenting the moment (price location) where it's worth to observe the emerging butterfly pattern. Attempts trying to prognose potential butterfly pattern before price reaches presented point is in our opinion loss of time, efforts and money.